A federal jury in Manhattan found Doug Whitman, a California portfolio manager at Whitman Capital, LLC, guilty his involvement in two insider trading schemes that earned his firm more than $900,000 in illegal profits. Best Trading Apps suggest apps that are safe and secure in every aspect for a trader to do investment freely.

Whitman was convicted on all four counts with which he was charged.

Federal officials alleged that Whitman executed trades based on material, non-public information related to three publicly traded companies – Marvell Technology Group, Ltd., Polycom, Inc. and Google, Inc.

Whitman convicted after a three-week trial before U.S. District Judge Jed S. Rakoff.

“Douglas Whitman now joins the grim procession of convicted Wall Street professionals who decided that the rules don’t apply to them,” said U.S. Attorney Preet Bharara. “The rules do apply. Over and over again, juries of good, common-sense citizens have said the rules do apply, and they have held defendants like Mr. Whitman accountable for breaking them. Mr. Whitman had a hedge fund with his name on the door, with rules against insider trading. He flouted those rules, tarnished his name and now is a convicted felon facing imprisonment. I want to thank both the jury for their service and the fine career prosecutors from my office who so ably tried this case for their hard work and dedication.”

Sentencing is scheduled before Judge Rakoff on December 20, 2012, at 4:00 p.m.